As part of activities to commemorate this year’s International Women’s Day (IWD) themed “Break the Bias,” Sterling Bank partnered with the Society for Corporate Governance, a non-governmental organization (NGO), to sensitize women professionals and other executives on how they can become active and effective board members as part of activities to commemorate this year’s International Women’s Day (IWD).
Speaking at the one-day event with the theme: “Boardroom Readiness: Enlightening and Equipping Women,” Mrs. Ifunaya Ugboko, Head of One Woman, said, “We supported the program because there is a need for women to be conscious of their potential, equip themselves for boardroom positions and change the mindset perspective that boardroom positions are meant for men alone. “We also want women to be intentional about their capabilities and aspire to greatness. Helping women into leadership positions, especially at the boardroom level, where they can contribute to the growth of their organizations and live a fulfilling life”.
While urging women to be inspirational, Ugboko disclosed that women can have access to credit solutions such as asset financing loans, distributorship loans, discounted business loans, nanny solutions to support work-life balance, trusteeship solutions, and get the One Woman card, which enables them to shop at discounted prices in selected stores under the One Woman proposition.
She drew attention to the need for women to embrace trusteeship solutions as part of Breaking the Bias.
Also speaking, but virtually, the keynote speaker, Dr. (Mrs.) Ajoritsedere Awosika, Chairman of Access Bank Plc, dwelt on the need for gender diversity on boards of companies and commended the Society for Corporate Governance for being at the forefront of enforcing corporate governance and increasing the number of women in boardrooms in Nigeria.
LEFT-RIGHT: HEAD, ONE WOMAN, STERLING BANK, IFUNANYA UGBOKO; CHIEF EXECUTIVE OFFICER, FUTURE SOFTWARE RESOURCES LIMITED, NKEMDILIM UWAJE BEGHO; CO-FOUNDER, FALCON CORPORATION, AUDREY JOE-EZIGBO; CHIEF EXECUTIVE OFFICER, SOCIETY FOR CORPORATE GOVERNANCE NIGERIA, CHIOMA MORDI; AND MODERATOR, AND HEAD GOVERNANCE, STANBIC IBTC HOLDINGS, ESE NKADI, AT THE INTERNATIONAL WOMEN’S DAY 2022 IN LAGOS… ON THURSDAY, PHOTO CREDIT: STERLING BANK.
Dr Awosika observed that bias against women in top leadership positions is a global issue as statistics show that only 6.7 per cent of positions on boards of directors are occupied by women globally. She, therefore, urged women to improve their skills by taking advantage of the outcome of the COVID-19 pandemic to register for online courses in that regard.
She listed some examples of women who had broken the glass ceiling in the boardroom, including Mrs. Mosun Belo-Olusoga, the first female Chairman of Access Bank in 2020; Mrs. Ibukun Awosika, former Chairman of First Bank Nigeria Limited; Chioma Mordi; Elohor Aiboni, MD, Shell Nigeria Exploration and Production Company; Mariam Olusanya, MD/CEO of Guaranty Holding Trust Company; Mrs. Bola Adesola, former Managing Director and CEO of Standard Chartered Bank; and Mrs. Nneka Onyeali-Ikpe, current Managing Director and CEO of Fidelity Bank Plc.
Egbert Imomoh, Chairman of Investment One Financial Services Limited, also advised prospective women in the boardroom to be very strong, competitive, work hard at the beginning of their careers, be highly ethical, and have the strength of character to express their views on board meetings.
Imomoh, a former MD of Shell Nigeria, advised corporate organizations to expose women to leadership positions and identify viable ones that can bring value to their companies, adding that women should ensure that their voices are heard.
There was also a panel discussion moderated by Ese Nkadi, Head, Governance, Stanbic IBTC Holdings. Discussants include Nkedilim Uwaje-Begho, CEO of Future Software; Audrey Joe-Ezigbo, Co-founder, Falcon Corporation Limited; Bimbo Wright, Executive Director, Wright & Co. Limited; Mrs. Bola Tinubu, Board Chair, the Boardroom Africa; and Zelda Akindele, Partner with Templars.
The panel conversation was centred around women being confident, having a voice, being competent, growing their social network, keeping themselves abreast of local and global trends, and a lot more.
The discussants, nonetheless, agreed that appointments to boardroom positions for women should be based, on merit, accountability, and impact, among others.
…takes trade expo to Houston, Texas, USA in October 2023
By Moninuola Sulaiman
Building on the resounding success of the maiden edition of the Fidelity International Trade and Creative Connect (FITCC) in London, UK last November, leading financial institution, Fidelity Bank Plc, has announced plans to host the second edition of the trade expo in Houston, Texas in the United States of America.
Tagged FITCC Houston, the event would hold on Wednesday, 18th, and Thursday, 19th October 2023 at the George R. Brown Convention Center, 1001 Avenida de las Americas, Houston, Texas 77010.
Situating the critical role FITCC plays in the bank’s export trade strategy, the Managing Director/Chief Executive Officer, Fidelity Bank Plc, Nneka Onyeali-Ikpe stated that, “Fidelity Bank is very much invested in supporting export trade and has consistently demonstrated this by the interventions and innovations that we bring to the space. Beyond the instrument of financing, some of our key interventions in the space revolve around business management capacity development with initiatives like the Export Management Programme (EMP) which we host in partnership with the Lagos Business School and the Nigerian Export Promotion Council (NEPC) and market access development initiatives like FITCC.”
To promote Nigeria’s non-oil exports and facilitate integrations to global supply-chain networks, FITCC Houston will host leading businesses, entrepreneurs, investors, and regulators operating in the commodity, service, creative, fashion, and FinTech sectors in Nigeria and the United States. The participants would explore partnership, co-creation, and foreign direct investment opportunities.
Participating businesses will benefit from curated market access engagements, investment and partnership opportunities, extended brand exposure before a global audience as well as speaking and networking opportunities amongst a long list of benefits in FITCC Houston.
Interested businesses and participants are encouraged to register for the conference at www.fidelitybank.ng/fitcc.
Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC and a leading financial institution in Nigeria, is thrilled to announce that its woman-owned business account, Blue Blossom account, can now be opened by female business owners who have male signatories.
This initiative is intended to foster gender equality while bolstering women’s financial empowerment and inclusion.
The Blue Blossom business account caters to the needs of women entrepreneurs and business owners throughout Nigeria. It offers them a remarkable opportunity to open and manage a business account with the added convenience of a designated male signatory. By implementing this unique feature, Stanbic IBTC Bank is taking bold steps to bridge the gender gap and promote equal representation in the business landscape.
The woman-owned account brings an array of exceptional benefits to its holders. One of its standout features is a zero-maintenance fee, providing cost-effective solutions that empower women to nurture their businesses efficiently. The account also includes complimentary online banking services, allowing holders to manage their finances and conduct transactions anytime, anywhere, conveniently.
Recognizing the crucial role of support networks in fostering women-owned businesses, Stanbic IBTC Bank has formed strategic partnerships with various esteemed business development agencies and organizations. Through these alliances, the bank aims to provide women entrepreneurs with valuable resources, mentorship programs, and networking opportunities, propelling their enterprises toward tremendous success.
“We are thrilled to unveil an account that enables women entrepreneurs to take charge of their finances and drive the growth of their businesses,” expressed Olajumoke Bello, Head, Enterprise Banking, at Stanbic IBTC Bank.
According to Olajumoke, “Stanbic IBTC remains resolute in its commitment to promoting financial inclusion and gender equality. The woman-owned account epitomizes our dedication to these values and shows our relentless support for women entrepreneurs.”
By introducing the woman-owned account, Stanbic IBTC Bank reaffirms its ongoing efforts to support women-owned businesses, foster gender equality, and stimulate economic growth across Nigeria. As a frontrunner in the financial sector, the bank is steadfast in its mission to deliver tailored financial solutions that address the unique challenges and aspirations of women entrepreneurs and business owners, ultimately empowering them to realize their full potential and achieve their business goals.
In a rapidly evolving world where inclusivity and equal opportunities are paramount, Stanbic IBTC Bank remains at the forefront, pioneering initiatives that break barriers and create a level playing field for women in business. The woman-owned account is just one of the bank’s innovative initiatives, embodying their unwavering commitment to shaping a future where women entrepreneurs can thrive and contribute significantly to the Nigerian economy.
Polaris Bank has clarified that she did not violate any law in a recent disengagement of some staff which it said was done in line with the terms of the contract guiding their engagements
The Bank was reacting to a report of the picketing of its headquarters by NUBIFIE this morning by a section of the media.
The Bank disclosed that it has engaged and will continue to engage the union to resolve any lingering labour matters.
The Bank emphasized that a cordial relationship has existed between her and the union over the years and believes that concerns raised by either party can be effectively addressed through dialogue.
Polaris Bank remains committed to fostering a harmonious working relationship and ensuring the well-being of its employees.